Western Digital's stock has fallen over 30% in three months despite beating earnings estimates five times in a row, mainly due to supply concerns from Toshiba's planned production expansion. Analysts remain bullish, with an average price target implying 75.6% upside and some predicting up to 175% gains, driven by strong margins, long-term contracts, and AI storage demand. The key risk is Toshiba flooding the market and undermining pricing discipline. The next earnings report is due October 22, and the stock trades at a forward P/E of 23 with significant upside potential if supply constraints hold.
Western Digital Corp trades at USD 369.51 on Pluang as of Oct 14, 2026, 20:02 WIB, down 2.94% in one day. The stock's market cap is $142.51 billion, with a 52-week high of $746.23 and low of $113.13. Pluang data shows 65% of orders are sell, reflecting cautious investor sentiment despite bullish analyst targets.
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